Jacobs Solutions Inc. (NYSE:J) Raises Dividend to $0.26 Per Share

Jacobs Solutions Inc. (NYSE:JGet Rating) announced a quarterly dividend on Wednesday, January 25th, RTT News reports. Shareholders of record on Friday, February 24th will be paid a dividend of 0.26 per share on Friday, March 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.85%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.23.

Jacobs Solutions has a dividend payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Jacobs Solutions to earn $8.33 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 11.0%.

Jacobs Solutions Stock Up 0.5 %

J stock traded up $0.55 during midday trading on Wednesday, reaching $121.90. 815,134 shares of the company’s stock traded hands, compared to its average volume of 580,715. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.54 and a beta of 0.89. The firm’s fifty day moving average price is $122.70 and its 200-day moving average price is $122.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. Jacobs Solutions has a 52 week low of $106.78 and a 52 week high of $150.32.

Jacobs Solutions (NYSE:JGet Rating) last announced its quarterly earnings results on Monday, November 21st. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.02. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.85 billion. Jacobs Solutions had a net margin of 4.32% and a return on equity of 14.76%. Jacobs Solutions’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. As a group, sell-side analysts forecast that Jacobs Solutions will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $125.10, for a total value of $6,396,363.00. Following the transaction, the chief executive officer now directly owns 631,447 shares of the company’s stock, valued at approximately $78,994,019.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Steven J. Demetriou sold 6,666 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $125.95, for a total value of $839,582.70. Following the sale, the chief executive officer now directly owns 627,954 shares in the company, valued at approximately $79,090,806.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $125.10, for a total value of $6,396,363.00. Following the completion of the sale, the chief executive officer now owns 631,447 shares in the company, valued at $78,994,019.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,796 shares of company stock valued at $7,726,746. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jacobs Solutions during the first quarter valued at about $125,000. Horizon Investments LLC bought a new position in shares of Jacobs Solutions in the first quarter worth approximately $200,000. Lido Advisors LLC bought a new position in shares of Jacobs Solutions in the first quarter worth approximately $204,000. EP Wealth Advisors LLC bought a new position in shares of Jacobs Solutions in the first quarter worth approximately $211,000. Finally, Equitable Holdings Inc. bought a new position in shares of Jacobs Solutions in the first quarter worth approximately $218,000. 85.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on J shares. Robert W. Baird raised shares of Jacobs Solutions from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $136.00 to $150.00 in a report on Friday, January 6th. Bank of America downgraded shares of Jacobs Solutions from a “buy” rating to a “neutral” rating and set a $137.00 price objective on the stock. in a report on Friday, January 13th. Credit Suisse Group lifted their price objective on shares of Jacobs Solutions from $154.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, November 22nd. Royal Bank of Canada cut their price objective on shares of Jacobs Solutions from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, November 22nd. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, October 12th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.33.

Jacobs Solutions Company Profile

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.

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Dividend History for Jacobs Solutions (NYSE:J)

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